Reonomy, a leading provider of commercial real estate data and analytics, today announced that it has raised $13 million in a Series B funding round. The round was led by Bain Capital Ventures with participation from existing investors SoftBank Capital, Resolute Ventures, High Peaks Venture Partners, KEC Ventures and FinTech Collective. Solon Mack Capital, the family office of William Mack, Richard Mack and Stephen Mack, also participated in the round of funding. Bill Mack is Chairman of Mack Real Estate Group and Mack-Cali Realty and former Chairman of AREA Property Partners.
Reonomy's platform simplifies commercial real estate property and market-level research. By combining comprehensive and validated data with powerful analytics, Reonomy enables lenders, brokers and investors to win more business, close more deals and make smarter and faster decisions.
'Since founding Reonomy 18 months ago, we have built an industry-leading technology platform that provides critical data and proprietary information to commercial real estate investors, lenders and brokers,' explained Rich Sarkis, Reonomy CEO and co-founder. 'We've built an incredibly powerful back-end technology system to collect and crunch all the data that our clients need, and we deliver it to them in an elegant and user-friendly interface. This has led to exciting growth, with many of the leading brokerages, banks and investment funds already using Reonomy to gain a competitive edge. We plan to use this capital to grow our team to continue to meet this demand and to expand into new domestic and international markets. Bain Capital Ventures is the ideal partner to help us with our next phase of growth.'
'Reonomy has architected an incredibly unique and comprehensive data platform that solves a major pain point for commercial real estate lenders, investors and brokers. As the commercial real estate industry looks to better leverage next generation data and information technology, we believe Reonomy is well positioned to be a best-in-class provider. We look forward to partnering with Rich and the Reonomy team as they continue to expand the product functionality and geography to best serve its customers' needs,' noted Mike Krupka, Managing Director of Bain Capital Ventures, who will be joining Reonomy's board of directors.
About Reonomy
Founded in 2013 by Rich Sarkis and Charlie Oshman and headquartered in New York, Reonomy enables lenders, brokers and investors to win more business, close more deals and make better & faster decisions by combining comprehensive and validated data with powerful analytics. Through its proprietary analytics systems, Reonomy collects, analyzes and validates a vast array of property and market level data on a continuous basis and delivers this information in an easy-to-use web-based interface. Additional information about Reonomy is available at www.reonomy.com or follow us @Reonomy on Twitter.
About Bain Capital Ventures
Bain Capital Ventures (BCV) is the venture and growth affiliate of Bain Capital, a global alternative assets platform with approximately $80 billion in assets under management. BCV invests from early-stage through growth equity in companies focused on technologies and technology-enabled services primarily for enterprise customers. BCV has offices in Boston, New York and Palo Alto and has a long history of partnering with information services businesses including Appriss, LinkedIn, TravelClick, Regulatory Data Corporation, vAuto, and EverTrue. Since 2000, BCV has helped steer ideas to success by working in partnership with management teams, pairing talented and passionate entrepreneurs with industry experts, opening doors to customers, and collaborating on long-term strategies. For more information, please visit www.baincapitalventures.com or follow us at @BainCapVC on Twitter.